The Ministry of Planning and Investment estimates the total State budget to reach 516.7 trillion VND (22.6 billion USD) in 2022, up 8.3 percent against 2021’s plan.
Hanoi (VNA) - The Ministry of Planning and Investment estimates the total State budget to reach 516.7 trillion VND (22.6 billion USD) in 2022, up 8.3 percent against 2021’s plan.
Of the total, the central budget will be 222 trillion VND, equal to this year’s plan, while the local budget capital will be 294.7 trillion VND, up 15.4 percent compared to that of this year’s estimate, the ministry said.
Next year, Vietnam will continue improving the efficiency of public investment use; speeding up the implementation of key investment projects with focus on highways, seaports, digital infrastructure, and important databases; expanding investment in innovative start-ups, important national and inter-regional projects.
Attention will be paid to complete construction on roads along the coast, transited from 2016-2020 to 2021-2025, and start work on several urgent and important projects that have positive influences on the economic recovery and development process in the context of the COVID-19 pandemic, and urgent projects as regulated by the Law on Public Investment.
According to the Ministry of Planning and Investment, in order to remove difficulties in public investment-related institutions, mechanisms and policies, the Government issued a Decree dated August 16, 2021 on amending and supplementing a number of articles of Decree No. 97/2018/ND-CP dated June 30, 2018 on on-lending ODA and foreign preferential loans of the Government. As a result, the problem of loan security assets has been removed for sub-borrowers, including public non-business units.
The Prime Minister also issued Decision No.1388/QD-TTg dated August 6, 2021 on the establishment of the Prime Minister's Working Group to direct the development of a pilot project on separation of ground clearance and resettlement out of investment projects. At the same time, the Prime Minister also issued Dispatch No.1082/CD-TTg dated August 16, 2021 requesting ministries, central agencies and localities to speed up the disbursement of public investment capital./.
Total state budget revenue reached 912.1 trillion VND (39.74 billion USD) in the first seven months of 2021, equaling 67.9 percent of the estimate and up 15.6 percent year-on-year, data released by the Ministry of Finance on August 9 showed.
Pension and social insurance allowances and monthly subsidy will increase by 11 percent from January 1, 2022 under a proposal the Ministry of Labour, Invalids and Social Affairs (MoLISA) has submitted to the government.
The Ministry of Planning and Investment has said that it is coordinating with relevant ministries, agencies and localities to build a national economic restructuring plan for the 2021-2025 period, with an aim to creating a breakthrough change in the growth model towards higher productivity, quality and competitiveness.
In order to best achieve 2021 targets, Prime Minister Pham Minh Chinh ordered giving the top priority to curbing the pandemic soon and gradually restoring production and trade in areas meeting safety conditions, Minister and Chairman of the Government Office Tran Van Son has said.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Source: VNA) 
